HomeMy WebLinkAbout0212 an~l shall pc~rJorm, comply ioill~ a?~d ~6ide Gy eacl~ and e~~ery ll~e agreemer~Is, slipulalion's, condilions and
cooenanfs I~~ercwj, an~ of f~~is marfgape, f~en itits mortgage an~ ttie PS~UIP ~~ereby c?eafec~. sha~~ cense, de-
termi?~P antl I~e nu~~ anc~ ~~oi~~.
~n~ 1~~~ mortf~actor ~~en~hy ~url{~er coi~enanfs anc~ agrees fo puy prompfly whe~ due f~e p~incipa~ and
inte?es! ancl of{~er sums o( monPy proaiclec~ ~o~ in sai~ nole and fhis morfgage, or eilher; fo pay all and
sin~ular the ta.res, assessments, 1Pl~IPS, liabiliti~s, obli~alions. nnd encumbmnces oj every nalure on said pro-
perfy; lo permil. commil or su~fer no u~asle, impairmenl or deferioration of saic~ (and or fhe improi~emenls
I~P/'PCI/ ai any lim~; to ~PPp ({IP 6ui~din{~s now or I~e?ra(ter on saitl ~an~ ~u~~y insttretl in a sum o( not ~ess
~h~n Ten T'housand ( $10 , 000) Dollars - - - - - - - - - - - - _ - - '
in a company or companies accc•p1aG~e to Ihe mortfla~ee, ihe po~icy o~ po~icies fo 6e hptd by, and poyu6le
10, said morl~a~ee. and in the ei~ent any sum o/ mon~y 6ecomes paya6le 6y virlue o~ sucl~ insurance the
mortgagee s{~all ha~~e Ihe riyht to rereive and apply 1tie same !o Ihe inde6tedness her~by secureel, accounting
fo f{~e morlga,clor ~or any surp~us: to pay a~~ cosls, charpps, ant~ expe~ses. inc~uc~ing ~aiuyers ~PPS and fit~e
searcF~~s, reasonal,~y incur~e~c~ or ~~a~d 6y ~hp mortgagee ~ecause oj the ~ai~ure of !{~e mortgagor fo prompt~y
anc~ JuIIy co?nply u~ifh 1{~e a~reements, stipu~alions, conc,itions ane~ covenanfs o( saic~ nofe ane~ f~is morfgage.
o~ ~ill~er: to p~rjorm, comply u~ilh and a6ide 6y each and every Ihe agreements, stipulations, condilions and
conennnls set jorf~ in snic~ note an~ this mortgafle or eif~er. ~n fhe event !he morfgago~ jai~s fo pay u~hen
d«~ a~?y ~ar, nssessment, insurance premium or ol~er sum o~ money paya6le 6y nirtue oJ saic~ nole anc~ ihis
mo~l~age. o~ eif~ier, f~~e morf~ayee may pay fhe sume. ~uilhout wniving or a~jecfing ftie opfion fo Jorec~ose
or any oll~er ri~l~t hnrnunder, and a~~ sucl~ paymenis shall 6ear snterest Jrom ~ate thereo( at Il~e hig~est Iau~-
~uI rnte t{~en allou~ecl 6y f{~e lau~s o~ Ihe StafP oj f'loridn.
DL any sum o~ mon~y herein re(errecl to he not prompl~y pai~ wifhin 10 c~ays next aJter
f~e same ~~ecomes ~ue, or i~ eac~~ anc~ enery f{~~ agreempnts. slipulafions, conclilions an~ coi~ennnts o~ saic~
note anc~ this morlgag~, or pilhpr, are not f ully per/orme<1, compliecr witF~ and a6ic1ecl 6y, tl~en ihe pntire
sum mentio?ied in saicl nole, and this mortflage, or the entire balance unpnic~ Itiereon, shall forlhwith or
ther~a~ler, af th~ oplion of f~~e moric~a~ee. becom~ and 6P ~Iue and payable, anyttiing in sai~ nofe or herei~
to Ihp contrnry nolu~il{~s1an~Iin~. Fai~ur~ hy t{~e morfgagee fo ~xerccse any o~ the rigtils or options ~erein
pronic~e~cl s{~a~~ not CO/1SNIIIIP A toaii~~r o~ any ri,ryhls or o~sfions unc~er saic~ note or f~is morfgage nccrue~ or
f{i~ma(I~r accn~inn-
~n ~itness ~~~Q~l~ flie~ said mortg~gor l~os I~prnunlo si~~ne~I ancl s~aln~ fl~ese presenfs t{~e
~~aV an~ year f irs! a~ot~e u+riffen.
Sit~net~. seale~~ artt~ d~~iner~c~ i Ihe prns~nce o(:
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STATE OF FLnRIDA, ~
COL \TY OF ST . LUCIE
I NEREBY CERTIFY that on this day, befon me, an
olficer dul~• authorized in the State a(oresaid and in the County aforesaid to uk~ acknowledgments, personaUy appeared
MICHAEL C. LARSON and SUSAN E. LARSON, husband and wife,
to me known to bc the prrson S described in and who ex~cuted the (or~¢oin¢ instrument artd they acknowledged.
befor~ me that they ~x~cuted the same. ~ • ~
~~'I7'\ESS mv hand and o!(icial seal in th~~ Count~ and Stat~• last a(or~said this y "~t~ay of
. .,a~~.~:~~~.,~
i
May A. D. 19 74 .~;-;~t `
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~ Notar_y Public, State o~ ~i~.. at-J,J~g~ ,
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~ My Commission expires: - f
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EP,F,?}~ S. Yr'±!':: E'_;~
~ 2~ PacE ~
; ~rlr~ri:~s WILCES.
~ BiTTAt! & !.C~
P. 0. Box
Fon Herce, F(~rda s3S;~
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